Ashley Finance expands bridging and business loans into Scotland

Small business lender Ashley Finance is launching two of its products, business loans and bridging loans, into the Scottish market.

Business loans of up to £100,000 are available, while it said it would make bridging loans available as a short-term loan for property buyers with time-sensitive projects.

Speaking about the launch, Liam Cavanagh, operations director at Ashley Finance said: “Scotland has a wealth of successful small businesses but there are many that suffer from a common problem: accessing the cash they need to grow. After years of supporting SMEs across England and Wales, we committed ourselves to making 2017 the year when we started to help those north of the border.

“There have been some challenges along the way – the legal system isn’t the same, which has been a main barrier for some time – but we are delighted to have reached the point when we can finally make this announcement.

“We’ll be bringing the same, personal approach to serving our Scottish customers as we’ve employed successfully in other areas. We’ll assess every application on its individual merit and we’ll be saying yes to businesses when others have said no.”